Underfunded Universities

US higher education will soon suffer a raft of smaller college closures. This is due to endowments and endowment income being down, sports revenue being nonexistent, and refunds being up due to Covid-19 campus closures. Add in tax revenue declines, forcing university tuition up, thus making college more unaffordable, and fall ‘20 classes likely to be online, pushing enrollments down further. Higher education desperately needs a rethink and a different model.